Mortgage rate trend?

Asked by Rouriel Noubini, San Ramon, CA Fri Jul 25, 2008

A wonderful technical analysis article regarding mortgate rate trend:

If average rate jumps from 6% to 6.6%, average purchasing power will be eroded by 10%. The rate will most likely shoot up in near future. If you are re-fi-ing, better do it quick. If you are buying a new house and delivery is scheduled months ahead, better price in risk of future mortage rate hike.

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Neville Batl…, , San Mateo, CA
Wed Oct 29, 2008
One of the best sites I have found for mortgage rates and trends is Best
0 votes
Jeff Kittles…, , Dallas, TX
Wed Oct 29, 2008
No one knows this answer the market is crazy right now and we are heading into a depression
0 votes
Steven Ornel…, Agent, Fremont, CA
Thu Jul 31, 2008
What is the exact link for the technical analysis article regarding mortgage rate trend you are referring to? -Steve
0 votes
Slewfoot, Home Buyer, Sacramento, CA
Mon Jul 28, 2008
Keep in mind that this area is largely jumbo loan territory, rates on those are in the mid-high 7s right now.
0 votes
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